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I use a spreadsheet to record my trades and a text document as a journal. The journal includes notes and observations and marked up charts. I use OpenOffice, which is very similar to Microsoft Office and it's free. It includes alternatives to Excel and Word. OpenOffice

Most people consider trading to be a lot riskier than investing, but I don't agree. I am a swing trader, taking high probability trades on daily charts. I am consistently profitable, and my money management is relatively conservative. My account is growing steadily and I only have small...

Been there, done that. :) Unfortunately, this is a lot easier said than done, and most traders learn it the hard way.

Yeah, more details would be helpful.

Van Tharp is your man: http://www.vantharp.com/products/trade-to-financial-freedom.asp His book "Trade Your way To Freedom" is a classic.

I find trading interesting, but I agree with what you said about the "trading is exciting" thing. You need to be calm when you trade. If you find trading exciting, that means your emotions have come into play. Not good.

I agree completely. EA's are incapable of discretion: http://www.earnforex.com/forum/f8/trading-forex-manual-vs-robot-868/

I'm pretty much the same, although I don't use forums for information any more. I visit forums more out of interest and to give a helping hand to other traders. I also look at the economic calendar at DailyFx.

Yes, setups on the longer time frames are more reliable. However, in order to profit with MA's I think it is important to trade only in the direction of the trend.

Yes, a lot of new traders try putting the cart before the horse. It never ceases to amaze me that so many people think they can just open an account and start trading profitably. Lack of common sense and greed.

Exactly. Too many traders bite off more than they can chew, and as a result find it hard to stay focused. I think the reason for this is because they want to squeeze as much profit out of the market as they can. Like you said, patience is key, and it's all about a lot of small moves over a long...

It boils down to two things - discipline and practice. Over time, as your trading skill increases, so does your confidence. It then becomes easier to keep those emotions in check.

When you are just starting out you will naturally have a lot of questions. However, it can be a bit off-putting if when you ask for help you get some condescending idiot giving you a hard time because of your lack of knowledge. Everyone was a beginner once, and the more experienced traders...

That's good advice, education and practice. Unfortunately, too many new traders skip these essential steps and start trading live straight away.

That's quite high. Is that because you are not comfortable going lower than 3:1?

You are referring to carry trades, and the best place to go for detailed information on the subject is here: http://www.babypips.com/school/undergraduate/fundamental-trading/carry-trade/

Money management is not one-size-fits-all and has to be tailored to the individual trading strategy, as well as the risk tolerance of the individual trader. I based my risk percentages on the track record of my strategy as well as my personal tolerance for risk.

Plus, unlike other forums that shall remain nameless, nobody will get heavy with you if they disagree with you, or treat you like an idiot. If there is something you need help with, don't hesitate to ask. Remember, the only stupid question is the one not asked.

Yes, patience is absolutely vital! Patience is something that can be developed with time and practice, and it must be mastered if you are to be successful.

Fxpipper and Dominator4fx, I agree with you both. Becoming a successful trader takes a lot of hard work over a long period of time.